No Greymarket For The iPhone

The usual cast and crew of operation greymarket are out of luck with the iPhone, according to the Boston Globe. Unlike Nintendo and their still-scarce Wii, Apple appears to be meeting demand. From the Boston Globe:

David Flashner thought he had it wired: Buy two iPhones last Friday when they first went on sale, keep one, and sell the other at a profit so big it would pay for most of the first one.

Flashner wasted no time. He began advertising the extra phone while still in line at an Apple store in Burlingame, Calif., south of San Francisco. During his 21-hour wait, he posted half a dozen different ads on Craigslist — with prices ranging from $800 to $1,200 — and waited for the calls to come in.

But no calls came because consumers expect that stores will soon have phones in stock. He continued to advertise the extra phone through the weekend, and ended up with just one call, which went nowhere. On Wednesday, he returned the phone.

One seasoned greymarket profiteer claimed that electronics were too risky and that he’d stick to Red Sox/Yankees tickets from now on.

Reselling an iPhone? Bad news [Boston Globe]
(Photo: TheeErin)